New thread!

Market must be red, then only Bull will chiong!

Anyway, anyone can confirm if the oil price have shot up to USD93 per barrel? Not so sure if my data is right.

Thanks Greg! That means commodities will 'chiong' even more now. Palm oil to RM4k again?

I just realised there is two 'V73' thread created, one by htt and another this one, both same time created. Can buy 4D "7373".

Yeah, me too. A resilient company that doesn't depend on BDI rates somehow. Good for them!

Nah I don't think so, their cash flow generation is good. Since their main business is tax free, you can compare their revenues from freight operations and actual cash generation is almost same. Unlike Transmile and other companies that report very good results but no cash to show for, which is a sign of some form of creative accounting. So Maybulk definitely is no where near a potential Transmile in making.

Yup cash levels are dropping fast due to their high dividend payments which is not sustainable unless BDI rates goes up again. But cash generation capabilities are still intact, just not as much.

I once 'downgraded' this share because of the un-sustainability of their cash for dividend payments. And the fact that they were selling their vessels also meant less ships to run around, though this also lessen their operating fixed costs. Somehow or rather with contracted services with TNB, they are able to keep going profitably but with lower revenues.

Anyway, good management are hard to find. Just the fact that the suppressed BDI rates, more competition (more ships in the market) and even less customers are stumping the future growth of this company. Which is the only reason I don't see much prospects for it to continually pay 30 sens dividends and further capital appreciation unless of a take-over.

I just woke up to such a wonderful bloody screen.

Blood bath is refreshing indeed. From being sleepy to all out alert!

Huh? Mine only showing -53.

Haiz, YTL not an expert in this. I guess YTL feels left out from all the high volume trading.

Should b higher, only interim div announced so far. I think another 9 sen coz of 50% policy.

You want to average down (throw more money) to get out with nothing? What if stock continue to drop to 55 sens, then what do you do? Throw more money into it?

Only average down when you're confident the stock will go up and your strategy is to increase profits from an already profitable position.

If you're already losing money, its always better to lessen your risks of further losses rather than increase it, in my humble opinion.

MBMR tomorrow ex-dividend. I wonder if price will drop..

Cabut?

Oh my, that would be a dream come true for me too.

O rly?

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Added on March 2, 2011, 5:03 pmBlood bath is refreshing!

As it forces you to check your holdings and tests your mettle against the market. Only the blood thirsty will survive!

PS: Pana, bought anything today?

This post has been edited by skiddtrader: Mar 2 2011, 05:03 PM

Why suddenly so many 'silent' readers come out?

Astro Channel 305 for TVB dramas. They are showing Greed of Man.